Aston Martin Lagonda Glo... Share Discussion Threads

[foxy22] 25/10/2018 09:45

Finally catching a bid

[ukgeorge] 24/10/2018 16:47

I think the Kuwaitis, funded the initial purchase from ford back in the day. (but could be wrong)

[abrahe00] 18/10/2018 09:47

I'm not sure about Goldman's position. Is there an RNS advising of their total holding?

I did note that Daimler Ag have taken a 5% interest... As well as some rich Kuwaitis that own almost 50% of this company now.

Maybe they know something we don't...

AIMHO...

[countless] 17/10/2018 21:30

Can anyone please tell me if I am correct in thinking that when Goldman Sachs stop buying this stock to cover their shorts, to help stabalise this stock, then the downward presure on this share price will increase? Or have i missed the point of what is going on here? Many thanks.

[porsche1945] 17/10/2018 17:18

this is such a pile of sxxt it must be another Neil Woodford Holding.

[martywidget] 17/10/2018 07:10

From last Thursday:

Jefferies initiated coverage on the shares of newly-listed automaker Aston Martin on Thursday with an 'underperform' rating and a target price of 1,400p per share




Shaken and Stirred Aston Martin Backers Get 1st Advice: Sell
By Joe Easton
11 October 2018, 08:15 GMT+1 Updated on 11 October 2018, 08:48 GMT+1



"With an IPO that should have included some primary capital, the selling shareholders may have missed a chance to start a relationship with public equity markets on the right foot. Shares have since drifted to a level which better reflects execution risk but 1) still pitches AML at the very top of luxury stocks on 2020E using comparable accounting and 2) ignores FCF and liquidity risk. We initiate coverage at Underperform with a target price of 1,400p."...

We continue to think the AML IPO should have been a mix of primary and secondary, in order to address low liquidity. The conversion of Preference shares into equity addressed leverage and should take net debt to EBITDA below 2x on our numbers by year end. However, it brought no new liquidity. The June 30 balance sheet shows £71m of gross cash on the balance sheet, a rather small number for a company growing at a double-digit rate and negative net working capital of £235m, 20% of forecast 2018 revenue, of which £582 under Trade and other payables...

...From management comments we understand that broadly half of that position represents deposits from customers to secure deliveries of limited edition cars, mostly Zagatos and Valkyries. This suggests to us that [1] deposits are used to fund working capital instead of being ring-fenced and [2] AML should raise debt to create a liquidity buffer. In our valuation we reduce NWC by an estimated 250m value of customer deposits...

...On the upside, a luxury OEM like AML can structurally deliver exceptional returns on invested capital (50+% post tax vs negative today and 15% expected in 2019E). However these are already built into multiples that set AML at the top of the luxury sector and above Ferrari and Hermes. On 2020E, AML is trading on 2.5x revenue and, using cash R&D metrics, on 33x earnings and 24x EBIT. Our 1,400p target price is DCF based with a modest discount applied for execution and liquidity risk. Ferrari currently trades at a 10% discount to our DCF fair value despite a lower risk profile...

Thursday, 11th October 2018

[martywidget] 16/10/2018 11:32

Short Sellers Profit as Shares of James Bond's Carmaker Sink
15 October 2018, 17:47 GMT+1 Updated on 16 October 2018, 00:00 GMT+1

[abrahe00] 16/10/2018 09:44

A tenner is being generous. Their auto business is a loss maker, so all they're selling here is "the brand", that's it.

I guess some billionaire arab will fancy it and build a hotel or something in Dubai that's kitted out with AML designed rooms and a fleet of AML electric planes to ferry rich people across the gulf... So, how do you price something like that? Effectively a rich man's hobby/plaything... Answer; you can't!

This will go back into private ownership in a few years.

AIMHO...

[aussiedonnie] 15/10/2018 10:14

Stock Market Crash, Global Reset, Masonic 33, and November 2018 - Important!

[quidzinn] 15/10/2018 09:53

AML is no Ferrari ... e.g. they are currently using bought-in engines and electronics from Mercedes.
Their cars from the past 2 or 3 decades were little more than parts bin specials using components from Ford, Jaguar, Vauxhall, Volvo, Audi, Mazda ...

Ferrari have a depth of racing history, world-wide fanatical brand loyalty, deep-rooted engineering talent etc. etc. that AML can't hold a candle to.

Q

[ianian4] 13/10/2018 11:15

Pink Gun,
AML investors have enough problems without watching that sh@@e. The share is self destructing on its own. Golden rule for the present. Never touch an IPO.

[the_man_with_the_pink_gun] 12/10/2018 17:43

NOVEMBER 11 IS THE BIG CRASH DAY.

[ignoble] 12/10/2018 15:14

Despite all ...there will always be that something special about the name
Aston Martin. ...the James Bond connection is massive.

Had the pleasure of driving a DB6 many years ago ....everything about it , the look , the smell and the noise , just superb.
No doubt a modern day hot hatch is faster but the Aston has a magic about it.

[bothdavis] 12/10/2018 15:11

Would rather have an Aston than a Ferrari personally ....more style ans class.

[ignoble] 12/10/2018 14:26

True indeed

[foxy22] 12/10/2018 09:45

Well its still as the ceo says last british owned built car brand listed on lseAnd dont forget james bond and luxury connotation

[ignoble] 12/10/2018 08:17

Aston Martins for sale on EBay
Heaven forbid ,lol

[ignoble] 12/10/2018 08:16

My thoughts for what they are worth (not a lot)is that Aston are over producing their cars.
When they were small , Aston had that exclusive WOW factor.
So many on the roads now ...just another car albeit an expensive one.
EBay has hundreds for sale

[foxy22] 12/10/2018 08:07

Anyway agreed the ipo is overpriced and i will have to try to sell today and take loss on the chin...never easy

[foxy22] 12/10/2018 08:02

I think you are being a bit harsh on the brand...ferrari ipo has been a successWhy shouldnt aston...they are going to do electric cars etc...maybe they could pull a Musk

[ignoble] 12/10/2018 06:59

No hard and fast rule with that one.
Market conditions and all sorts will affect the movement both up and down

[countless] 11/10/2018 23:26

Thank you ignoble, I wounder what happens when the underwritter covers their shorts and the support to the share price stops. Freefall perhaps given the turbulance times?

[volsung] 11/10/2018 23:08

Nobody under 50 knows what Aston Martin is

[costax1654x] 11/10/2018 23:07

More like 4 pounds per share!